| II) | SPECIAL RESOLUTIONS PASSED IN THE PREVIOUS THREE AGMs : | |
| a) | In the AGM on 26th June, 2009 : | |
| No Special Resolution was transacted | ||
| b) | In the AGM on 26th June, 2008 : | |
| For increasing the commission to the Directors of the Company at the rate of 1% of the net profit of the Company to be
divided amongst them equally except Shri S. K. Parik subject to an amount to be decided by the Board every year not exceeding Rs.25 Lacs in every financial year computed as per Section 198(1) of the Companies Act, 1956 for the period of 3 years w.e.f. 1st April, 2007. |
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| c) | In the AGM on 29th June, 2007 : No Special Resolution was transacted. | |
| (iii) | No Special Resolution was passed during the financial year ended 31st March, 2010 through Postal Ballot. | |
| (iv) | Further, no Special Resolution is proposed to be conducted through Postal Ballot in the ensuing AGM. | |
| (v) | Disclosure for reappointment / appointment of Directors. | |
| Resume and other information of the Directors retiring by rotation & getting reappointed as required to be disclosed under Clause 49(IV)(G)(i) of the Listing Agreement is as under : |
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| a) | Shri K. G. Maheshwari is an Industrialist having rich experience in the field of
business and management, he is Director
of the company since 1963 and is also
the Director in Hyderabad Industries Ltd. and Jayshree Traders Pvt. Ltd.
He is not holding Membership / Chairmanship of any Committee of Directors of any other body corporate. |
|
| b) | Shri G. B. Pande is a Zonal Manager at Central Zonal Office of Life Insurance Corporation of India nominated by it on the Board of the Company. He is representing LICI on the Board of J K Tyre & Industries Ltd. and is Chairman of Shareholders' / Investors' Grievance Committee of Directors of the said company. | |
| c) | Shri Deepak Tandon is a Chartered Accountant. He is having vast experience and knowledge in the field of accounts and finance besides the hands on experience of more than 26 years of the Tyre and Paper Industry. | |
| He is Director of Precious Services & Consultancy Ltd, Kesoram Insurance Broking Services Ltd and Zenith Distributors & Agents Ltd. and does not hold any committee membership. He is associated with many organisations and is a member on the Board of Automotive Tyre Manufacturers' Association & Indian Paper Manufacturers' Association and Director of TPM Club India. He is an ex-Chairman of CII Orissa State Council (2003-2004) and TQM-HRD Sub Committee, CII, Eastern Region (2005-2008). | ||
| The shares held by the above Directors have already been disclosed under the caption Composition of Board of Directors under serial no. I. B(i) above. |
